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$3,150,000
58 Days On Site

385 Mermaid
Laguna Beach, CA 92651

For Sale|Condominium|Active
5
Beds
3
Total Baths
3
Full Baths
2,000
SqFt
$1,575
/SqFt
1945
Built
Subdivision:
The Village (VIL)
County:
Orange
Listed by Katin Reinhardt of Coldwell Banker Realty 9494916040
385 Mermaid385 Mermaid385 Mermaid385 Mermaid
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Welcome to 385 Mermaid Street, a fully renovated triplex offering the best of coastal living and income potential in the heart of Laguna Beach Village. This charming property consists of three fully furnished residencestwo spacious 2-bedroom, 1-bath units and a light-filled studioeach with private laundry, garage parking, and outdoor space. Originally built in 1946 and completely renovated in 2015, every unit blends classic coastal character with modern upgrades. Residents enjoy private balconies and a shared deck with sweeping city views, beamed ceilings, hardwood floors, and updated kitchens with stainless steel appliances. With its extraordinary income-earning potential, all three units can be fully leased for consistent earnings, or partially occupied with the remaining units rented out. The propertys prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity. Whether youre an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern Californias most sought-after beach communities.

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Listing Snapshot
Price 
$3,150,000
Days On Site 
58 Days
Bedrooms 
5
Inside Area (SqFt) 
2,000 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1945
MLS® Number 
OC25108976
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
2 weeks agoPrice changed to $3,150,000
2 months agoListing first seen on site
General Features
Garage 
Yes
Garage Spaces 
4
Parking Spaces 
4
Property Sub Type 
Condominium
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
2000
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Forced Air
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Exterior Features
View 
City LightsMountain(s)
Waterview 
City LightsMountain(s)
Community Features
Community Features 
Curbs
Financing Terms Available 
Cash
Listed by Katin Reinhardt of Coldwell Banker Realty 9494916040



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Last checked 2025

Neighborhood & Commute
Source: Walkscore
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